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Gilt yield below 1% for first time after Brexit

Published 06/27/2016, 06:00 AM

Investing.com - British government bond yields fell below 1% for first time on Monday.

U.K. sovereign bonds, known as gilts were being bid up, pushing the yield to a record low of 0.984%.

The yield on Germany's 10-year Bund hit a record low of minus 0.15%

Yields move in the opposite direction of prices
Investors have sought shelter in safe-haven assets amid fears of global economic fallout from Brexit

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